The Trump administration is planning an ambitious cryptocurrency acquisition program, with a particular focus on Bitcoin, according to recent statements from Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets.
Speaking at the Digital Asset Summit 2025, Hines revealed that the administration aims to acquire substantial amounts of Bitcoin through "budget-neutral methods" that would not impact taxpayers. The initiative is part of a broader strategy to position the United States as a leader in digital assets.
"Bitcoin has intrinsic stored value and is traditionally accepted," Hines explained during the panel discussion, emphasizing the administration's view of Bitcoin as a commodity rather than a security. He drew direct comparisons between Bitcoin and gold when discussing acquisition targets, stating "That's like asking a country how much gold do you want? Right? I mean, as much as we can get."
The White House's crypto and AI czar David Sacks is collaborating with Hines to advance this initiative. Their efforts are focused on developing innovative approaches to cryptocurrency acquisition while fostering growth in the digital asset sector.
Treasury Secretary Scott Bessent, a known Bitcoin proponent, has also weighed in on the strategy. In a recent CNBC Squawk Box appearance, Bessent outlined initial steps that include halting government liquidation of seized Bitcoin before exploring additional acquisition methods.
The administration's crypto strategy appears to extend beyond Bitcoin, with plans to develop a broader cryptocurrency reserve. However, the immediate focus remains on Bitcoin acquisition through fiscally responsible means that align with the administration's economic policies.
This bold initiative marks a notable shift in U.S. government approach to cryptocurrency assets, potentially setting new precedents for national digital asset strategies.